I had the same problem, it says you need to activate your device with netflix, which isn't possible. Here's what I did to fix it. First uninstall your current netflix, then go download the netflix-new-mod2.apk from http://forum.xda-developers.com/showthread.php?t=1076150 and install it. Should work fine.

I just basically went nuts and uninstalled and then installed mediaclient 2, then 3, then 1. I was all over the place moving APKs in and out of data/apps. Finally, it works. That was a mini freak out. Thanks everyone for your input

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